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Pinnacle West Capital PNW Contract Liabilities

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$257M
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$118.43M+4.0%

Other financials

Income statement

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Revenue$1.1B+11.4%
Gross profit$712.9M+9.3%
Operating income$131.2M+129%
Net income$35.1M+10,489%
EPS (diluted)$0.27+775%

Balance sheet

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Cash & equivalents$6.4M-36.2%
Total debt$15.1B+24.8%
Total equity$7.1B+4.9%
Total assets$30.7B+12.7%

Cash flow

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Operating cash flow$235.3M-41.5%
CapEx$628.4M+0.9%
Free cash flow-$393.1M-78.1%

Valuation

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Market cap$12.4B+7.4%
Enterprise value$27.54B+16.4%
P/E18.6×-0.4×
P/S2.3×+0.1×

Profitability

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Gross margin63.5%-1.0pp
Operating margin20.9%+1.7pp
Net margin12.2%+0.6pp
FCF margin-18.9%+14.3pp

Returns & leverage

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Return on equity9.7%+0.3pp
Debt / equity2.1×+0.3×
Current ratio0.6×+0.1×

Where this comes from

Reported directly by Pinnacle West Capital in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Pinnacle West Capital’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pinnacle West Capital's contract liabilities?
Pinnacle West Capital (PNW) reported contract liabilities of $618.11M in Q1 2026.
How has Pinnacle West Capital's contract liabilities changed year-over-year?
Pinnacle West Capital's contract liabilities increased by 8.6% year-over-year, from $569.29M to $618.11M.
What is the long-term trend for Pinnacle West Capital's contract liabilities?
Over 5 years (2020 to 2025), Pinnacle West Capital's contract liabilities has grown at a 23.4% compound annual growth rate (CAGR), from $221.03M to $632.17M.
What does contract liabilities mean?
Payments received from customers for services or goods that have not yet been provided.
How do you interpret contract liabilities?
An increase suggests strong customer prepayments or deferred revenue growth, while a decrease indicates the fulfillment of service obligations.
How does contract liabilities compare across companies?
Standard across industries with service-based revenue models; generally low for regulated utilities compared to software or subscription businesses.